But certainly, you must think, the “Inverse Volatility” trade must be over, and traders must be leaving the SVXY (ProShares Short VIX Short-Term Futures) after the fund’s net asset value dropped by 99% on Monday? Nope…

SVXY Assets Under Management on Monday: $97.3 million

AUM at the close on Tuesday: $409 million

AUM at the close on Wednesday: $766 million

AUM at the start of 2018: $770 million

Last 5 days of inflows: $1.3 billion

Then there are the Levered Long and Short exchange traded products, which deliver +100% the daily return on an index like the S&P 500 or the NASDAQ Composite:

One week inflows of $626 million

While 2x products (long and short) have seen one week outflows of $138 million, 3x products saw $766 million of inflows over the same period